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Personal Loan

Apply for a personal loan at HSBC with interest rate starting from 9.99%*

Call toll-free on 18003090991 to find out more.

Why choose HSBC personal loan?

When expenses arise, like your daughter's marriage, furnishing your home, higher education for your children or a family holiday, you can turn to a Personal Loan from HSBC.


An HSBC personal loan can support with a Home renovation or other home-related expenses, marriage expenses, travel expenses, transferring an existing loan from another bank, purchasing consumer durables or equipment, and any other personal needs and contingencies.

 

Key Features:

  • Personal Loans with flexible tenure of up to 5 years (i.e. tenure from a minimum of 6 months onwards with additional block of 6 months. You can choose a tenure ranging from 6, 12 , 18, 24, 30, 36, 42, 48, 54 or 60 months).
  • Easy monthly repayment through Equated Monthly Installments (EMI) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on HSBC bank account
  • Transfer of an existing personal loan from another bank in India
  • No requirement of collateral/guarantor
  • Easy documentation, quick processing and disbursal
HSBC customers can avail personal loans in the cities of Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Coimbatore, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, Pune and Vizag (only employees of HSBC Vizag)

Interest Rates

Ranges from
9.99% p.a. to
Other rates and charges apply. Please review the rates and charges table below.
16.00% p.a.

*Special rate of 9.99% applicable on Personal loans for educational purpose. T&Cs apply.

Rates and charges

Rates and charges for HSBC Personal Loan
Type Charge
Current interest rate ranges
from 9.99% p.a. to 16.00% p.a.
Processing fee
Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Full/partial prepayment charges1
5% within 1 year of tenure, 4% within 2 years, 3% within 3 years, and 2 % after 3 years
Rates and charges for HSBC Personal Loan
Type Current interest rate ranges
Charge from 9.99% p.a. to 16.00% p.a.
Type Processing fee
Charge Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Type Full/partial prepayment charges1
Charge 5% within 1 year of tenure, 4% within 2 years, 3% within 3 years, and 2 % after 3 years

1Only after completion of minimum 6 months lock-in period detailed in the Personal Loan agreement.

HSBC's Personal Loan for Electric Vehicle (EV)

Key features

  • No hypothecation
  • No documentation charges
  • Nil Foreclosure charges for loans with tenors up to 2 years*

*For tenures > 2 years, normal foreclosure grid will apply

To Apply SMS EVL to 575750. T&Cs apply.

Rates and charges for HSBC Personal Loan for Electric Vehicle

Type Charge
Interest rate ranges 9.75% p.a. onwards - For Select Corporate employees with Salary Account
Processing fee 0.25% of the loan amount
Full/partial prepayment charges 0% for tenure upto 24 months, 3% upto 36 months, and 2 % after 36 months

Rates and charges for HSBC Personal Loan for Electric Vehicle

Type Interest rate ranges
Charge 9.75% p.a. onwards - For Select Corporate employees with Salary Account
Type Processing fee
Charge 0.25% of the loan amount
Type Full/partial prepayment charges
Charge 0% for tenure upto 24 months, 3% upto 36 months, and 2 % after 36 months

Interest Rates for Q4 2023

Annual Percentage Rate (APR) for Personal Loans ranges between 9.75% to 16.70% for all loans at a maximum tenor of 60 months.

Interest Range for Q4 2023 for different categories of customers: 9.75% to 16% p.a.

Mean (Average) interest rate in Q4 2023 was 12.88% p.a.

Apply for a Personal Loan

HSBC customers with Personal Internet Banking

Please log on to your account via Personal Internet Banking for the quickest and easiest way to apply.

Credit card customers/New to HSBC customers

Personal loan application form loan application will disposed of and acceptance/rejection will be communicated within 15 days from the date of receipt of completed application with supporting documentation.

Apply for Personal Loan through HSBC India Mobile Banking app

Download the HSBC India Mobile Banking app to get started

Frequently asked questions

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Important information

Terms & Conditions

This offer is brought to you by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC) and any participation in the said offer is voluntary. The offer is applicable to all residents individuals in India who hold an HSBC India bank account (Customer)
Offer Criteria: Customers who apply for Personal Loan through logging into HSBC Personal Internet Banking (PIB) or HSBC India Mobile Banking app during the Offer period mentioned on the website shall be eligible for the Amazon e-Gift voucher of ₹1,000 (Offer) on successful loan disbursal within 15 days of the offer period.

This is a limited period Offer and HSBC in its sole discretion reserves the right to alter, modify, change or vary all or any of these terms and conditions or to replace, wholly or in part, this Offer by another Offer, whether similar to this Offer or not, or to withdraw it altogether at any point in time by providing appropriate intimation.

Offer Period: Offer is valid till the date mentioned on the website.

The e-Gift Voucher will be sent to your registered e-mail ID or by way of SMS to your registered mobile number within 60 days of the end of the Offer. Customers will be eligible for only one e-Gift Voucher during the campaign period, subject to completion of the Offer criteria.

Prior to using the website amazon.co.in or the Amazon mobile app, the accountholder should refer, read, understand, accept and agree to the user agreement and terms and conditions of the said website or mobile app, and proceed only if the accountholder agrees to abide by the same. The accountholder will be required to give personal information and other details online. The accountholder should read and understand the privacy policy of the website or the mobile app, prior to providing any such information. Any disclosure of information made by the accountholder towards availing or fulfilment of the Offer is at the sole discretion of the accountholder and HSBC will not be responsible for the same. Amazon may use the personal information shared by the customer for any other purpose (like marketing, etc.) and the Bank shall not be held liable for such usage of personal information by Amazon. Products Offered under this Offer are subject to availability with Amazon and HSBC will not be liable for non-availability of any of the products.

HSBC India does not make any warranties or representation about the quality, merchantability or suitability of the services Offered under this Offer. Any dispute regarding these must be addressed in writing, by the customer directly to Amazon.

All decisions in respect of the Offer shall be at the sole discretion of HSBC and the same shall be final, binding and non-contestable. Other than the specific entitlements available to the customer under this Offer, any other claims with regard to this Offer against HSBC are waived.

HSBC will not be liable for any direct or indirect loss or damage whatsoever that may be suffered, or for any personal injury that may be suffered as a result of participating in the Offer.

The Offer is subject to force majeure events.

The Offer is non-transferable, non-negotiable and non-cashable.

Tax liability, if any, will be borne by the Customer.

Disputes, if any, arising out of or in connection with or as a result of the above Offer or otherwise relating here to shall be subject to the exclusive jurisdiction of the competent courts/tribunals in Mumbai only.

The usage of the HSBC India app is governed by the applicable terms and conditions. Please visit www.hsbc.co.in for the same.

By participating in this Offer, the customers shall be deemed to have accepted all the aforementioned terms and conditions in totality.

Personal Loans are available in Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai, Pune, Coimbatore and Vizag (only employees of HSBC Vizag). This list of cities is subject to change from time to time.

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